Florida International University
The banking and financial services giant JP Morgan Chase and the large Japanese motor company Nissan announced grants totaling $235,000 to two non-profit organizations that are building affordable housing in Liberty City.
Chase is expected to announce this Thursday a $200,000 donation to Neighborhood Housing Services of South Florida. The money will be used to rehabilitate 50 foreclosed homes, provide free foreclosure prevention counseling to residents and homeownership opportunities to low-income families.
Nissan is giving $35,000 in building materials to support Habitat for Humanity’s efforts to build or refurbish 250 homes over the next three years
Chase declined to provide the details of its donation in advance of its formal announcement. Arden Shank, CEO of Neighborhood Housing Services, said the money is more than welcome.
“There has been a long-term need in Liberty City and a significant amount of foreclosures,” he said. “We want to make sure homeowners stay in their homes and are not foreclosed.”
Joseph McDaniels of Habitat echoed Shanks’s comment.
“The primary reason is to increase the affordable housing stock within the community, with homeownership opportunities,” McDaniels said. “Liberty city was once a thriving cultural center and it can be that again.”
Jennifer Moreno may be contacted at jmore029@fiu.edu.
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